T42 IOT Tracking Solutions PLC Director's Share Transfer

RNS Number : 4151B

T42 IOT Tracking Solutions PLC

22 August 2024

 

22 August 2024

t42 IoT Tracking Solutions PLC

("t42" or the "Company")

Director's Share Transfer

t42 IoT Tracking Solutions plc (AIM: TRAC) ("t42" or the "Company"),  one of the global leaders in the field of real time tracking and monitoring of shipping containers, announces that it has been notified that on 21 August 2024 the Company's Chief Executive Officer, Avi Hartmann, transferred 1,318,000 ordinary shares of nil par value each in the capital of the Company ("Ordinary Shares") to A-Labs Finance and Advisory Ltd., in satisfaction and full repayment of a loan of approximately £127k.  

Accordingly, Avi Hartmann is now interested in 4,443,528 Ordinary Shares, representing approximately 8.06% of the Company's existing issued share capital.

 Contacts:

t42 IoT Tracking Solutions PLC Michael Rosenberg, Chairman Avi Hartmann, CEO	07785 727595 [phone]
Strand Hanson Limited (Nominated Adviser and Financial Adviser) James Harris/ Richard Johnson/ Robert Collins	020 7409 3494
Peterhouse Capital Limited Lucy Williams/Charles Goodfellow/Eran Zucker	020 7469 0930

 t42 IoT Tracking Solutions plc (AIM: TRAC), formerly Starcom Systems plc, provides real-time tracking, analysis, monitoring, and security IoT solutions for the global container and freight market and covers 55 countries, over 100 distributors, and 50 logistics and support partners.

t42's multi-sensor IoT tracking devices use a wide range of detection capabilities with cloud-based analytics and alerts, with real-time data transmission, analysis, and actionable insights. Its devices are used by ports, cargo owners, shipping companies, freight forwarders, insurance companies, customs authorities, homeland security, and police for end-to-end global container tracking and digital transformation of shipments. 

For more information on the Company, please visit: https://www.t42.co.uk/   

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended by virtue of the Market Abuse (Amendment) (EU Exit) Regulations 2019.

PDMR Notification Form:

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Avi Hartmann
2.	Reason for the Notification
a)	Position/status	Chief Executive Officer
b)	Initial notification/amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	T42 IoT Tracking Solutions PLC
b)	LEI	213800XVU7WF3QMF4826
4.	Details of the transaction(s):section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv)each place where transactions have been conducted
a)	Description of the Financial instrument, type of instrument	Ordinary shares of no par value
	Identification code	JE00BKVDPL34
b)	Nature of the Transaction	Transfer of Ordinary Shares in settlement of loan
c)	Price(s) and volume(s)	Price(s) Volume(s) n/a 1,318,000
d)	Aggregated information Aggregated volume Price	n/a n/a
e)	Date of the transaction	21 August 2024
f)	Place of the transaction	Outside a trading venue

 

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